Quest Resource (NASDAQ:QRHC) Stock Rating Lowered by ValuEngine

Quest Resource (NASDAQ:QRHC) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Monday, ValuEngine reports.

NASDAQ:QRHC opened at $2.45 on Monday. Quest Resource has a 1-year low of $1.26 and a 1-year high of $3.10. The company has a 50-day moving average of $2.50 and a 200 day moving average of $2.41. The firm has a market cap of $38.10 million, a PE ratio of -20.42 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 1.27.

A number of large investors have recently added to or reduced their stakes in QRHC. Vanguard Group Inc. purchased a new stake in Quest Resource in the second quarter worth about $38,000. Connors Investor Services Inc. purchased a new stake in Quest Resource in the second quarter worth about $346,000. First Wilshire Securities Management Inc. purchased a new stake in Quest Resource in the second quarter worth about $554,000. River & Mercantile Asset Management LLP purchased a new stake in Quest Resource in the second quarter worth about $688,000. Finally, Renaissance Technologies LLC lifted its stake in Quest Resource by 3.5% in the second quarter. Renaissance Technologies LLC now owns 277,824 shares of the business services provider’s stock worth $770,000 after acquiring an additional 9,441 shares during the period. 33.07% of the stock is owned by institutional investors.

About Quest Resource

Quest Resource Holding Corporation, through its subsidiaries, provides solutions for the reuse, recycle, and dispose various waste streams and recyclables in the United States. The company offers recycling and waste management services for motor oil, oil filters, scrap tires, grease and cooking oil, food waste, and expired food products; and various other materials, such as glass, cardboard, paper, and metal, as well as hazardous materials, plastics, construction debris, batteries, mercury, lights, regulated waste, electronic devices, and industrial cleaning products.

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